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Monthly Archives: June 2012
The Tragedy of the Euro, by Philipp Bagus
The Tradegy of the Euro, Philipp Bagus (2008), Ludwig von Mises Institute. Chapter 4 Why High Inflation Countries Wanted the Euro Socialized Seigneuriage Some countries, especially France, made gains at the expense of the Germans due to a socialization of … Continue reading
Posted in Economics
Tagged Crisis & Financial Market, Money
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Good Money: This Book Will Change How You See Competitive Coinage
Selgin, G. A. (2008). Good Money: Birmingham Button Makers, the Royal Mint, and the Beginnings of Modern Coinage, 1775-1821. University of Michigan Press. Available at Amazon, Mises Store, and Independent Institute. Foreword, by Charles Goodhart This book details the fascinating … Continue reading
Economic Harmonies : Frédéric Bastiat on the Mutual-Aid Societies
Frédéric Bastiat, Economic Harmonies, 1850. The Online Library of Liberty.
Posted in Economics
Tagged Free Market
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Is It the Epidemiologists’ Elusive “Fundamental Cause” of Social Class Inequalities in Health?
Is It the Epidemiologists’ Elusive “Fundamental Cause” of Social Class Inequalities in Health ?, Linda S. Gottfredson, 2004. When groups differ substantially on the average in IQ but not other factors causing individuals to become ill or injured (e.g., non g-related genetic risk or motivation), then … Continue reading
Posted in Psychometrics, Sociology
Tagged Health, IQ
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Myths About the so-called ‘Enron Fraud’
The Enron Scandal 2001, is generally but wrongly attributed to market failures. Specifically, audit failure and poor ratings from CRAs did not reveal Enron’s false accounting. As explained elsewhere, the conflict of interest among CRAs who purposely overrate the firms … Continue reading
Posted in Economics
Tagged Crisis & Financial Market
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Hazlitt’s Criticism of Keynes’ General Theory
Hazlitt, Henry (1959). The failure of the” new economics”: an analysis of the Keynesian fallacies. Ludwig von Mises Institute.
Posted in Economics
Tagged Keynesianism
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Murray Rothbard on Monopoly, Cartel and Size of the Firm : Chapter 9 of Man, Economy, and State
Man, Economy, and State, 2nd edition, Murray N. Rothbard. Chapter 9 — Production: Particular Factor Prices and Productive Incomes 3. Entrepreneurship and Income
Posted in Economics
Tagged Free Market
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On the Success of Free Banking in Scotland (1716-1844)
Here are some excerpts from Free Banking in Britain: Theory, Experience and Debate 1800-1845, Second Edition, by Lawrence H. White (1995). ________________________________________________________________ ________________________________________________________________ “There were many competing banks; most of them were well capitalised by a large number of shareholders; … Continue reading
Posted in Economics
Tagged Free Banking
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Correlation Between Low IQ and Racism : Probably an Illusion
The widely-cited paper from Hodson and Busseri (2012) shows that low IQ correlates with higher prejudice against races and against homosexuals. In both cases, the relationship is not direct but mainly mediated by right-wing ideology. But this proof is probably … Continue reading
Posted in Sociology
Tagged Psychology
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Educational Intervention and The Failure to Raise IQ Permanently
In an attempt to equalize social opportunities, several large-scale studies have been launched. These studies were of special interest because they sampled a large portion of black people, since a study on white people can’t be generalized over other ethnic … Continue reading
Posted in Psychometrics
Tagged IQ
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